Tax Groups
Tax Group is refers to a classification of entities or transactions for tax purposes. It helps businesses manage tax reporting, compliance, and analysis efficiently.
STEP 1: Accessing Back Office: You go into the Back Office and login. STEP 2: Go to Setup and locate the Tax Groups.
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STEP 3:
• Type the Description which means refers to categorizing entities or transactions as taxable or tax-exempt. For example, goods or services subject to Value-Added Tax (VAT) would fall under Tax, while those exempt from VAT would be classified as Tax Exempt.
• Type the Tax Applied to Shipping which means indicates whether taxes are applied to shipping charges associated with transactions.
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| STEP 4: Click the Add New. |
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STEP 5: Click the Update button after you've added or made any changes.
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